Chinese and Kazakh state companies have signed an agreement to expand the existing China-Kazakhstan crude oil pipeline, China National Petroleum Corp said Monday on its website. The agreement was signed Saturday during talks held between ...
Tags: crude oil pipeline, crude oil
European naphtha prices have come under pressure from run cuts in the polyolefin chain as well as falling crude prices, with ICE Brent futures sinking to an eight-month low Friday, sources said. CIF NWE naphtha was assessed at $846.50/mt ...
Tags: polyethylene market, polyethylene
Ukrainian steelmaker Alchevsk Iron and Steel Works (Alchevsk), a subsidiary of Ukrainian steel producer Industrial Union of Donbass (ISD), has announced that in April this year its plans to increase its crude steel production by 10-11 ...
Tags: Metallurgy, Mineral, Energy, Iron, Steel
The ICE Brent front-to-second month spread fell into contango during afternoon US trade Friday, the first contango between the two contracts since July 2, 2012. ICE May Brent was down $2.50 at $103.84/b after hitting a fresh eight-month ...
The Angolan Nemba crude premium to heavier grade Hungo crude has hit a near two year high as the naphtha-rich grade gains support from soaring Nigerian crude values, market sources said Friday. Platts assessed Nemba Thursday at Dated ...
Sri Lanka's state-owned Ceylon Petroleum Corp., the country's sole importer of fuel oil, has made a rare export offer of the product due to falling demand from power stations as well as higher domestic output, company sources said Friday. ...
German steel federation Wirtschaftsvereinigung Stahl (WV Stahl) president Hans Jürgen Kerkhoff has said at the 2013 Hannover Messe machinery and industry fair that the situation in the German steel industry remains fragile and marked ...
On April 7, Hunan Province-based Chinese steelmaker Hunan Valin Iron and Steel Co. issued its final financial results for 2012, indicating a net loss of RMB 3.25 billion ($518 million), compared to a net profit of RMB 70.14 million in 2011. ...
Tags: Valin Steel, Net Loss, Mineral
JSW Steel, one of the largest Indian steelmakers, has posted a 15 percent year-on-year increase in crude steel production to 8.52 million mt in the financial year 2012-13 ended March 31, 2013. According to the company’s ...
Tags: JSW Steel, Crude Steel Production
Shanghai-based Chinese steel giant Baosteel announced on March 29 that in 2012, its annual operating revenue reached RMB 191.136 billion ($30.73 billion), down by 14.1 percent compared to RMB 222.505 billion ($35.77 billion) recorded in ...
Tags: Baosteel, Net Profit, Mineral
On March 26, Qinghai Province-based Chinese steelmaker Xining Special Steel Co. reported that in 2012 its sales revenue totaled RMB 6.8713 billion ($1.1 billion), down 16.29 percent. while its net profit amounted to RMB 31.49 million ($5.06 ...
Tags: Special Steel, Steel
In March this year, the purchasing managers’ index (PMI) of China’s steel sector decreased to 44.6 percent, sharply down 14.3 percentage points compared to the previous month, as announced by the China Steel Logistics Committee ...
Tags: Chinese Steel Sector, PMI, Mineral
Speaking At Baosteel’s 2012 Achievements Report Meeting, He Wenbo, the general manager of Shanghai-based Chinese steelmaker Baoshan Iron and Steel Co. Ltd (Baosteel), stated that in 2013 the company’s capacity utilization rate ...
Tags: Baosteel, Mineral, Capacity Usage
US commercial crude stocks likely rose 2.5 million barrels in the reporting week that ended Friday, analysts polled by Platts said Tuesday. The American Petroleum Institute will release its weekly report at 4:30 p.m. EDT (2030 GMT), while ...
Tags: Crude Stocks, Petroleum, Chemicals
China National Offshore Oil Corp or CNOOC Group, the parent of listed arm CNOOC Ltd, refined 30.08 million mt (602,400 b/d) of crude last year, up 15.2% from 26.1 million mt in 2011, the company said in its 2012 sustainable development ...
Tags: Refining Throughput, Chemicals, OIL